The Dales Report | Trade to Black

In our latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell kick things off with the biggest news in U.S. cannabis capital markets: Trulieve (NYSE: TRLV) received approval on Friday, June 5 to uplist to the New York Stock Exchange and will begin trading this Wednesday, June 10. This marks the first time a U.S. plant‑touching cannabis operator has ever been appr...

The question across the cannabis industry changed the moment Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced its approval to list on the New York Stock Exchange. For years, investors wondered whether major U.S. cannabis operators would ever gain access to senior American exchanges. Now that Trulieve has opened the door, attention is quickly shifting toward one question:Who could be ne...

In the latest Trade To Black Weekly Recap presented by Flowhub, host Shadd Dales breaks down one of the biggest developments the sector has seen in years as Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) becomes the first major U.S. plant-touching cannabis company approved to trade on the New York Stock Exchange. But this story goes far beyond Trulieve. The company’s NYSE approval may have cre...

For years, cannabis investors have talked about uplisting, institutional capital, improved liquidity, and what it would mean if a major U.S. cannabis company finally gained access to the New York Stock Exchange. Now it has happened. In the latest Trade To Black presented by Flowhub, host Shadd Dales breaks down the news that Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has received approval...

In the latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down a story first reported by Forbes contributor Javier Hasse that asks a simple but important question:If there are dozens of publicly traded cannabis companies, why does Wall Street seem focused on only a handful of them? According to the analysis, only a small group of U.S. cannabis operators have reached the leve...

In this episode of Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell break down one of the most important cannabis capital markets developments we’ve seen in years. Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has unveiled a corporate structure that could provide the first real roadmap for U.S. cannabis operators seeking access to senior U.S. stock exchanges under th...

In our latest Trade To Black Podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell continue their weekly Vantage Standard series with Dr. Paul Shields, Chief Medical Officer at Vantage Hemp. This week’s segment tackles a question that continues to come up across healthcare, cannabis, and cannabinoid medicine:Why are so many doctors still hesitant to recommend CBD?The answer may have...

Cannabis and psychedelics continue to gain momentum as investors position for what could be a transformative period for both industries. In this episode of Trade To Black, hosts Shadd Dales and Anthony Varrell welcome AdvisorShares MSOS ETF Managing Director Dan Ahrens to discuss cannabis stock inflows, recent market activity, uplisting speculation, the upcoming DEA Administrative Law Judge hearin...

On this episode of the Trade To Black Podcast, presented by Flowhub, hosts Anthony Varrell sits down with George Archos, Founder and CEO of Verano Holdings Corp. (Cboe CA: VRNO; OTCQX: VRNOF), for a wide-ranging conversation on one of the most consequential stretches the U.S. cannabis industry has faced in years. Archos breaks down Verano's recently announced 1-for-5 reverse stock split and wh...

In the latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down a story first reported by MJBizDaily that could signal another meaningful shift for the cannabis industry. Several major U.S. cannabis operators, including Curaleaf Holdings (TSX: CURA) (OTCQX: CURLF), Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF), and Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), are n...

In our latest Trade To Black Podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell break down yet another cannabis company announcing a reverse split, adding even more fuel to the growing uplisting rumors across the cannabis industry. History appears to be repeating itself, doesn't it? Just days after Curaleaf Holdings (TSX: CURA) (OTCQX: CURLF) announced a reverse stock split ti...

In the latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales takes a closer look at Virginia Governor Abigail Spanberger’s decision to veto adult-use cannabis sales legislation and, more importantly, the reasoning behind it. This story was recently reported by Cardinal News and provides the clearest explanation yet from the governor herself on why she rejected legislation that would h...

In our latest Trade To Black Weekly Recap, host Shadd Dales breaks down the biggest cannabis stock, cannabis reform, and Schedule III developments from the past seven days. This week, the legal fight over federal cannabis rescheduling escalated after the Attorneys General from Indiana, Nebraska, and Louisiana joined Smart Approaches to Marijuana (SAM) in a lawsuit challenging the Trump administrat...

In the latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down a story first reported by Marijuana Moment that could have a meaningful impact on cannabis company earnings over the next several quarters. A bipartisan group of lawmakers is now urging the IRS and U.S. Treasury Department to provide clarity on how cannabis businesses will be treated under the tax code following...

In the latest TDR Cannabis in Five, host Shadd Dales breaks down what could become the biggest decision point for cannabis investors in more than a decade. The countdown is officially on for the June 29 DEA administrative hearing, and this hearing is no longer about medical cannabis. That issue has already been settled. Medical cannabis was moved to Schedule III in April 2026 after the DEA accepte...

In the latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down the new lawsuit filed by the Attorneys General of Indiana, Nebraska, and Louisiana aimed at blocking the Trump administration’s cannabis rescheduling order. At first glance, the headline sounds significant. Three states. Federal court. Cannabis rescheduling under attack. But when you look deeper, the legal battle...

In our latest Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell break down a brand-new legal challenge involving cannabis rescheduling after the Attorneys General from Indiana, Nebraska, and Louisiana officially filed a lawsuit against the Trump administration’s cannabis rescheduling move. The lawsuit argues the DOJ’s Schedule III action was “arbitrary and capricious,” imp...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down what is quickly becoming one of the biggest policy stories impacting both the hemp and cannabis industries in the United States. Earlier this week on Trade To Black, Michael Bronstein warned that the odds of Congress reversing the anticipated federal hemp THC crackdown before November were becoming increasingly u...

In our latest Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell look at two very different parts of the cannabis industry: where the money is going, and where cannabinoid medicine may be heading next. In segment one, Matt Hawkins from Entourage Effect Capital returns to the show. Hawkins has been one of the earliest institutional-style investors in U.S. cannabis, with more...

In our latest TDR Cannabis in 5 presented by Flowhub, host Shadd Dales breaks down why Curaleaf (TSX: CURA) (OTCQB: CURLF) may have just sent one of the clearest signals yet that major U.S. cannabis companies are preparing for potential uplisting opportunities on senior U.S. exchanges. Curaleaf announced a 1-for-3 reverse stock split effective June 5th, with management openly stating the move is t...

In our latest Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell break down the growing momentum around U.S. cannabis companies potentially uplisting onto senior exchanges like the NASDAQ and NYSE.Boris Jordan, Chairman & CEO of Curaleaf (TSX:CURA) (OTCQB: CURLF) joins the show to talk about their latest announcement involving a 1 for 3 reverse stock split as the compan...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales breaks down a new federal cannabis development first reported by Marijuana Moment involving Democratic lawmakers pressuring President Donald Trump to release federal marijuana prisoners following cannabis rescheduling. Now that state-licensed medical cannabis has officially moved into Schedule III, lawmakers are beginning to...

Welcome into the latest Trade To Black Weekly Recap with host Shadd Dales as we break down the biggest stories that moved the cannabis industry this week. Virginia’s adult-use market hit another major roadblock after Governor Abigail Spanberger vetoed cannabis retail legislation yet again — leaving the state stuck in legal limbo where adults can legally possess cannabis, but still have no regulate...

Welcome back to TDR Cannabis in Five presented by Flowhub. In this episode, host Shadd Dales breaks down a major legal setback for Smart Approaches to Marijuana (SAM) — one of the most vocal anti-cannabis organizations in the United States — after a federal judge dismissed the group’s lawsuit challenging Medicare’s hemp coverage pilot program. The court ruled that SAM lacked standing, meaning the...

In our latest TDR Cannabis in Five presented by Flowhub, host Shadd Dales takes a step back from markets and politics this Memorial Day to focus on something much bigger: veterans, mental health, and the growing push for better treatment options in America. For years, veterans groups and military families have been asking for more research surrounding cannabis, PTSD, traumatic brain injuries, chro...